Bargain Hunters Take Note: Insider Cluster-Buying At ATI
July 24, 2015 at 10:48 AM EDT
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Allegheny Technologies, Inc (ATI), 3 different insiders purchased 24,350 shares at an average price of $20.87/share, for a total of $508,234, with the most recent purchase on July 23, 2015.